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India not going ahead with COVID tax on polymers

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/04/2020 (06:25)
India is not proceeding with an additional import duty of 15% in the form of a COVID tax on polymers after facing opposition from industry bodies.

“We are pleased to inform you that we have been able to convince the Department of Chemicals and Petrochemicals to maintain the status quo and not to recommend any increase in import duty on polymers,” the All India Plastics Manufacturers’ Association (AIPMA) said in a note.

AIPMA had instead made a request to restrict the import of plastics finished goods from China and was successful in this regard.

In the note, AIPMA added “We are delighted to inform you that based on our request, MInistry of MSME (micro, small and medium enterprises) has recommended MInistry of Commerce and Industry, Government of India, to ban import of plastics finished goods from China.”
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